The Railways have generated Rs. 15324.25 crore of revenue earnings from commodity-wise freight traffic during April-May 2013 as compared to Rs. 14102.45 crore during the corresponding period last year, registering an increase of 8.66 per cent. Railways carried 171.84 million tonnes of commodity-wise freight traffic during April-May 2013 as compared to 164.38 million tonnes carried during the corresponding period last year, registering an increase of 4.54 per cent.
Minister of State for Human Resource Development, Shri Jitin Prasada is on a two-day visit (19-20 June) to Seoul. He is representing India as the Guest of Honour Country at the Seoul International Book Fair (SIBF) 2013. Since 2013 is being celebrated as the 40th Anniversary of the establishment of diplomatic ties between India and South Korea, the significance of the Guest of Honour status of India at SIBF 2013 has increased all the more. Seoul International Book Fair (SIBF) was inaugurated today in Seoul by the President of Republic of Korea Ms Park Geun Hye.
The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 216 million for Second Kerala State Transport Project were signed between Government of India/Government of Kerala and World Bank at New Delhi today.
Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately.
Following 1 (One) proposal has been approved.
Indian Railways have carried 171.91 million tonnes of revenue earning freight traffic during April-May 2013. The freight carried shows an increase of 7.53 million tonnes over the freight traffic of 164.38 million tonnes actually carried during the corresponding period last year, registering an increase of 4.58 per cent.
The Union Finance Minister Shri P. Chidambaram said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension sectors as these funds are available for long term horizon. The Finance Minister Shri Chidambaram was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund (IDF) here today. The Finance Minister later handed over In-Principle sanction approval letters issued by IIFCL Asset Management Company Limited (IAMCL) to one Power Project in Jharkhand and one Rural Water Project in Andhra Pradesh.
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the Central Government has approved sixteen (16) proposals of Foreign Direct Investment (FDI) amounting to Rs.1646.875crore approximately.
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 10th May, 2013 are as follows:
An agreement for loan of US$ 255 million (equivalent) from World Bank for the “National AIDS Control Project (NACP-IV)” was signed here today between India and the World Bank. Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of the Government of India and Mr.Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank.
Agriculture & Food Processing Industries Minister, Shri Sharad Pawar today called for strengthening international research institutions and sharing knowledge so as to realise higher yield potential of different crops.
The Minister was addressing FAO Conference at Rome.
Shri Pawar also highlighted India’s recent initiatives in the field of agriculture that have led to more than 3.5% growth in the last five years.
Following is the full text of the speech given by the Minister at the FAO Conference:
The total approximate earnings of Indian Railways on originating basis during 1st April to 31st May 2013 were Rs. 22439.30 crore compared to Rs. 19905.32 crore during the same period last year, registering an increase of 12.73 per cent.
The total goods earnings have gone up from Rs. 14169.34 crore during 1st April – 31st May 2012 to Rs. 15660.11 crore during 1st April – May 2013, registering an increase of 10.52 per cent.
The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products during the Ist Fortnight of June 2013. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of June effective 16.06.2013 has increased sharply to Rs 6.31 per/litre. This was Rs 4.87 per litre during Ist fortnight of June 2013 w.e.f. 1.6.2013.
The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister Shri P. Chidambaram. He was addressing the meeting of the Parliamentary Consultative Committee of the Ministry of Finance here today. The Finance Minister said that in order to increase our production, we must get our policies and priorities right as long term measures.
EXPORTS (including re-exports)
Dr V M Katoch, Secretary, Department of Health Research, Ministry of Health & Family Welfare, Govt of India signed an MOU with Sir Andrew Dillon, Chief Executive of the National Institute for Health and Care excellence, UK (NICE) in London yesterday to provide the framework for strategic and technical cooperation between the two countries, on evidence informed healthcare policy and practice.
The Vice President of India Shri M.